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A non-profit - or even a for-profit - cannot embezzle money. Only an employee, officer or director within their corporation can embezzle funds.
The questioner may be wondering what occurs if a non-profit misuses or misallocates money. In such a case, an investigation is conducted to determine whether funds solicited and collected have been spent in such a fashion as to be violative of the organization's by laws and stated goals, or gone against any promise or committment they made to a donor or donors.
An example would be a non-profit raising funds to help hurricane victims, then using the money to give all their directors and officers a "bonus" - without giving any to the victims of the hurricane. That would be fraud. It would also involve other violations of fiduciary responsibility, such as possibly violating conflict of interest policies, or in other cases, self-dealing.
If one believes that a non-profit is misallocating funds, then typically an office of the State's Attorney examines such complaints. Such non-profits must be registered in the State of their incorporation, and in such states as they operate in. Reporting to them would be good, so that they can make sure you aren't being victimized.
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What is non business organization?
A non-business organization or non-profit organization is an organization which is not concerned with making money. An example is a charity.
What is non-business organization?
A non-business organization or non-profit organization is an organization which is not concerned with making money. An example is a charity.
Can a non profit organization earn money?
yep
What is the opposite of a Non-profit organization?
This will explain differences to start a non profit organization with no money at all If your still not sure..... I have placed a useful step by step guide link in my bio that you can check out.
What is a non-profit or a not-for-profit organisation?
It is an organization that exists to serve a purpose as opposed to make money.
What is non-profitable?
for example, a non profit organization is when you are raising money and you get to your bare minimum goal...there is no extra money
How do you become a non profit organization?
By... being a non profit organization?
How might planning in a non-for-profit organization differ from planning in a profit organization?
The focus in a profit-based organization will have some level of focus on saving profits. A non-profit organization will normally focus on putting 100% of the money earned back into the organization, to help expand its influence in other fields.
What is the purpose of a non profit?
That would be an organization that doesn't profit. It will normally be a charity of some description, they use the term 'non-profit' organization to show that they aren't just keeping donated money for themselves.
Is Asda Walmart a profit or non profit organization?
i think that it is a profit organisation as they make money out of what they do such as own brands etc
What is non profit oriented organization?
Non profit making organization is the type that does not deal with profit oriented
Would the American Red Cross be a profit or non profit organization?
The ARC is a non-profit organization.
